Stein Mart, Inc. reported unaudited consolidated earnings results for the thirteen weeks and thirty nine weeks ended November 3, 2018. For the thirteen weeks, the company reported net sales of USD 279,127,000 against USD 285,395,000 a year ago. Total revenue was USD 282,861,000 against USD 288,911,000 a year ago. Operating loss was USD 13,373,000 against USD 23,889,000 a year ago. Loss before income taxes was USD 16,451,000 against USD 25,045,000 a year ago. Net loss was USD 16,622,000 or USD 0.36 per basic and diluted share against USD 14,616,000 or USD 0.31 per basic and diluted share a year ago.

For the thirty nine weeks, the company reported net sales of USD 916,751,000 against USD 933,766,000 a year ago. Total revenue was USD 928,276,000 against USD 944,494,000 a year ago. Operating loss was USD 1,735,000 against USD 35,360,000 a year ago. Loss before income taxes was USD 10,141,000 against USD 38,797,000 a year ago. Net loss was USD 10,432,000 or USD 0.22 per basic and diluted share against USD 23,909,000 or USD 0.52 per basic and diluted share a year ago.

Based on the company's results through the third quarter of 2018, the company continuing to project fourth quarter 2018 operating income will be higher than last year's fourth quarter, which was favorably impacted by the 53rd week, driven by the following factors: With regular priced selling continuing to increase and lower markdowns, the company expects the company's fourth quarter gross profit rate to be higher than in 2017 - SG&A expenses for the fourth quarter of 2018 will be lower than in 2017.